SCANNERS

1. Rising and Falling

Description (i): This scanner gives you the list of stocks whose volume has been consistently increasing in the last 3 trading sessions. The list is bifurcated between where more buying is happening (Price-up) and where more of selling is happening (price-low).

Use Case: If the volume of the stock has been consistently increasing and the price is also moving up, this could mean that there are more buyers who are impacting the increase in volume. Similarly, if the price is going down, it’s the sellers who are causing the volume spurt. A trader can accordingly form the view of the trend of this stock.

Illustration:The snap shot shows in the volume up price up segment, the volume & price of PNB have increased by 98.24% & 5.81% respectively. This is due to increase in demand.

2. High Low Breakers

Description (i): This scanner gives you the list of stocks that breach the low or high in a particular time period like 1 day, 1 week, 2 weeks, 1 month or 52 week. These are price outliers for the period.

Use Case: If a stock has breached, 1 day low, 1 month low and 52 week low, one can infer that the stock is in a falling trend. Similarly if the stock breaches new highs consistently, one can infer that the stock is in rising trend. This inference can be clubbed with ‘rising and falling’ scanner or ‘volume shocker’ to form a solid view in the stock.

4. Spreads

Description (i): This scanner shows the stocks having highest change in spread between cash and near month future contract. Long spread will show spread for strategy cash buy and future sell. Short spread will show spread for strategy future buy and cash sell.

Use Case: Change in long spread indicates that there is a demand for near month future contract and the spread is widening. This can also provide an arbitrage opportunity wherein position needs to be taken when the spread widens with an assumption that it will revert to average spread.

Illustration:The snapshot shows that trader can avail Spread changes script “STAR” in long between cash and future.

ANALYTICS

1. Bullish – Covered Call

Description (i): This will scan all Call stock options to execute Covered Call strategy where premium is high. This data can be sorted by Contracts Bid price or return % by ascending and descending order. It generates order for long in future(buy) and cover that with Writing the nearest call option.

Use Case: When you are neutral (or moderately bullish) on the short term direction of the underlying stock and you want to trade in the underlying stock.

Illustration:The snapshot shows that trader can make a covered call in UNIONBANK.

2. Bearish - Covered Put

Description (i): This will scan all Put stock options to execute Covered Call strategy where premium is high. This data can be sorted by Contracts Bid price or return % by ascending and descending order. It generates order for short in future and covers that with writing the nearest put option.

Use Case: When you are neutral (or moderately bearish) on the short term direction of the underlying stock and you want to trade in the underlying stock.

Illustration: The snapshot shows that trader can make covered put in JINDALSTEEL.

Disclaimer: Scanner and Analytics tools are not meant to serve as a professional investment guide for the users. No action is solicited based upon the information provided therein. User of these tools shall rely on information/data arising out of their own investigations. RSL or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of information / opinions / views generated through these tools.